[Closed for Investment] Popoca, with a valuation of $2 million, is raising funds on Wefunder. It is a Salvadoran restaurant in Oakland, California that brings the traditional cooking and recipes of El Salvador with its progressive food like pupusas and tamales. Popoca’s food is made using fresh and high-quality ingredients and cooked over a wood fire. The restaurant includes a daytime cafe, full dinner service, and late-night craft bar and has been featured in SF Chronicle, Eater SF, and Bon Appetit Magazine. Anthony Salguero founded Popoca in January 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for covering labor costs, art and fixtures, future operating expenses, furniture, signage and marketing, and office equipment.
Investment Overview
Raised: $54,492
Deal Terms
Total Commitments ($USD)
- Platform
- Wefunder
- Start Date
- 08/15/2023
- Close Date
- 12/15/2023
$50,000
$124,000
$100
Equity - Common
Pre-Seed
RegCF
$100.00
$2,020,000
Company & Team
Company
- Year Founded
- 2020
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- Low
Financials
- Revenue -40.9% YoY
- $102,214
- Monthly Burn
- Profitable
- Cash on Hand
- $113,122
- Gross Margin
- 78%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
Growth Charts
Revenue History
Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.